Nothing but negotiation

The Gap Partnership

Fidelity progressing with J Alexander's merger

Fidelity National Financial has moved closer to acquiring J Alexander by taking control of almost 74 per cent of its stock.

21 September 2012

Fidelity National Financial's (FNF) planned takeover of J Alexander Corporation has taken a step closer after FNF took control of the majority of J Alexander stock.

It now holds just under 74 per cent of the US dining chain's stock, which equates to enough shares for a merger to go ahead.

The merger will result in J Alexander becoming a wholly-owned subsidiary of FNF, which specialises in providing title insurance but has been diversifying into the restaurant business and other operations.

It is set to acquire the remaining shares in a second-round tendering offering, which is expected to expire next Wednesday.

In a statement, president and chief executive officer of J Alenxader Lonnie Stout II said the firm is "pleased with the successful completion of the first step of the transaction with FNF and believe it represents a significant achievement for our shareholders".

Both companies are likely to have sought advice from merger and acquisition consultants to ensure they get the best possible outcome from the merger and FNF chief executive George Scanlon welcomed the news J Alexander will be joining the "FNF family".

Posted by David Gleck

Source: Fidelity National Financial press release, September 20th

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more

July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more

April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more

February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more

December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more